Sugar breakout, yesterday.

[schizo]

I would exercise caution here as you can see from the chart below. Anyway, I hate sugar. Never had much success trading it.

View attachment 305248

Taking a small short on Sugar futures (SBH23) at 21.67.
Stop 21.92

 

[schizo]

Taking a small short on Sugar futures (SBH23) at 21.67.
Stop 21.92

How do you like this dog, now?
Looking for 20.70 as the target.

 

[schizo]

How do you like this dog, now?
Looking for 20.70 as the target.

View attachment 305491

How did ya like that? Will be looking to short again at around 21.35

 

[SunTrader]

OP still waiting for his MACD squiggly (no divergence whatsoever) to move price, instead of the other way around.

 

[schizo]

Reversing here after making a double top. However, in a larger scheme of things, channel play is in progress.

 

[Handle123]

Sugar is great market to trade from very long term trend. It adheres to chart patterns and trend lines but I still hedge opening positions.